debt
confidence high
sentiment neutral
materiality 0.65
Newell Brands issues $1.25B of 6.375%/6.625% notes to refinance 2025/2026 debt
NEWELL BRANDS INC.
- Issued $750M of 6.375% notes due 2030 and $500M of 6.625% notes due 2032.
- Net proceeds to redeem fully the outstanding 4.875% senior notes due 2025.
- Also to redeem in part the outstanding 4.200% senior notes due 2026.
- Underwriting agreement with J.P. Morgan Securities LLC as lead underwriter.